Under Armour, Inc. (NYSE:UAA) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC reduced its position in Under Armour, Inc. (NYSE:UAA) by 23.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 14,649 shares of the company’s stock after selling 4,415 shares during the quarter. EP Wealth Advisors LLC’s holdings in Under Armour were worth $108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of UAA. Dimensional Fund Advisors LP lifted its stake in shares of Under Armour by 29.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after purchasing an additional 1,636,634 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Under Armour by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock valued at $124,645,000 after buying an additional 1,269,037 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Under Armour during the 1st quarter valued at about $8,944,000. Norges Bank purchased a new stake in shares of Under Armour during the 4th quarter valued at about $10,348,000. Finally, OPTIMAS CAPITAL Ltd purchased a new stake in shares of Under Armour during the 4th quarter valued at about $3,158,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UAA shares. Truist Financial dropped their target price on Under Armour from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, May 17th. Wells Fargo & Company dropped their target price on Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, May 17th. Barclays dropped their price objective on Under Armour from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, May 20th. Bank of America dropped their price objective on Under Armour from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. Finally, Citigroup dropped their price objective on Under Armour from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Under Armour has an average rating of “Hold” and an average target price of $7.04.

Under Armour Price Performance

Shares of NYSE UAA opened at $6.89 on Friday. Under Armour, Inc. has a twelve month low of $6.18 and a twelve month high of $9.50. The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.56 and a beta of 1.67. The business has a 50 day simple moving average of $6.80 and a 200-day simple moving average of $7.25.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $0.18 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts expect that Under Armour, Inc. will post 0.2 earnings per share for the current year.

Under Armour declared that its board has initiated a share buyback plan on Thursday, May 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 16.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.